SGB Executive Sports & Fitness
Aisle Talk, Week Of August 28
Top headlines from the active lifestyle industry you may have missed this week.
Famous Footwear’s Parent’s Shares Pop On Promising BTS Results
Shares of Caleres rose $1.86, or 7.5 percent, to $26.67 on Wednesday after the company indicated its Famous Footwear chain delivered its best back-to-school performance since 2013.
Finish Line’s Shares Tumble On Slashed Outlook
Shares of Finish Line fell $1.92, or 18.5 percent, to $8.50 on Tuesday after the retailer significantly reduced its profit outlook for the full year amid disappointing sales in recent months.
Aisle Talk, Week Of August 21
Top headlines from the active lifestyle industry you may have missed this week.
Nike Swim And Golf Lifestyle Boost Perry Ellis’ Q2 Results
Golf Lifestyle Sportswear’s sales increased by mid teens with over 28 percent growth by Callaway apparel as well as strong contributions from PGA Tour, Jack Nicklaus and Ben Hogan. Nike Swim’s gross sales were up double digits.
Outdoor Participation Shows Some Recovery
The Outdoor Foundation’s newly-released Outdoor Recreation Participation Report found that 48.8 percent of the U.S. population participated in an outdoor activity at least once in 2016, up from 48.4 percent in 2015.
NSGA Highlights Importance Of Physical Retail
The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.
Study: Over Half of Online Shoppers Prefer Shopping Directly With Brands Over Retailers
The survey of consumers who have visited a brand manufacturer’s website in the past six months found the majority (54 percent) turn to brands over retailers for more comprehensive product information, in addition to enhanced customer service, better prices and more personalization options.
Aisle Talk, Week Of August 7
Top headlines from the active lifestyle industry you may have missed this week.
FGL Sports To Miss Revenue Goals For 2017
FGL Sports, which includes Sport Chek, is now expected to miss its ambitious growth goals for 2017 due to its sluggish sales through the second quarter, according to its parent, Canadian Tire Corp.
Vista Outdoor’s Q1 Stung By Weakness In Shooting
Vista Outdoor’s revenues slumped 9.8 percent in the first quarter to $568.7 million as a slight gain in its Outdoor Products was offset by a steep decline in its Shooting Sports segment.
Starter And Ocean Pacific Exiting Wal-Mart
Iconix Brand Group Inc. confirmed on its second-quarter conference call that Starter and OP (Ocean Pacific) are being phased out at Wal-Mart. Both had been exclusive brands in the entry-level category at the discount chain for years.
Wolverine Worldwide’s Transformation Plan Paying Dividends
Most of Wolverine Worldwide’s brands exceeded revenue expectations for the quarter while also over-delivering on operating profit goals.Among key brands, Merrell’s grew just over mid-single digits, Chaco ahead mid-teens, Saucy up slightly, Wolverine ahead double digits. Sperry was down mid-single digits.
Asics U.S. Sales Drop 11.5 Percent In First Half
Asics America Group (AAG) reported that sales in the U.S. fell 11.5 percent in the first half year over year. The decline was largely attributed “to market forces and additional retail partner store closings.”
Black Diamond Sees Innovation Driving Robust Back Half
Black Diamond Inc. widened its losses in the second quarter due to stepped-up efforts to jumpstart growth. But its renewed focus on its flagship brand already helped drive top-line growth in the period and officials expect the momentum to continue in the back half of 2017.
